New Chapter in Apple's Financial Saga and Robinhood's Crypto Ambitions Conquer the EU

New Chapter in Apple's Financial Saga and Robinhood's Crypto Ambitions Conquer the EU
Robinhood Crypto Trading EU


Almost ready for the weekend, but first a new chapter in the Apple Pay-Goldman Saga.

AMEX seemed to be the front runner in replacing Goldman as Apple’s partner for financial services. But, American Express’s “premium” card designation doesn’t always match with potential issuing partners, CEO Steve Squeri said Tuesday at an investor event, responding to a question that alluded to reports that Amex may replace Goldman Sachs as Apple’s credit card partner.

“The premium card base is one of the biggest impediments,” as far as co-branded partnerships that Amex walks away from, Squeri said Tuesday during an appearance at the Goldman Sachs U.S. Financial Services Conference in New York. “Because sometimes the partner wants to reach into everybody, and that’s just not who we are,” he said.

It seems we can take AMEX from the shortlist of options for Apple.

Meanwhile, Robinhood has accelerated its international growth with a significant move into the European market.

The company announced that its cryptocurrency trading application is now accessible to all qualified users across the European Union. This strategic expansion follows closely on the heels of Robinhood's recent launch in the United Kingdom.

The expansion into Europe distinguishes Robinhood's offerings: the firm has introduced its cryptocurrency trading services to EU nations, while currently limiting its brokerage services to the U.K. market alone.

“The EU has developed one of the world’s most comprehensive policies for crypto asset regulation, which is why we chose the region to anchor Robinhood Crypto’s international expansion plans,” Johann Kerbrat, general manager of Robinhood Crypto, said in a statement.

The European Union has been proactive in establishing regulatory frameworks for cryptocurrencies, primarily aimed at enhancing traceability to combat money laundering and safeguarding consumers from the volatility inherent in these markets.

A key element of these regulatory efforts is the Markets in Crypto-Assets (MiCA) legislation. MiCA, particularly noted for its focus on stablecoin oversight, is regarded as one of the most comprehensive legal frameworks for cryptocurrency assets globally.

Enjoy your weekend! But before you do that, check out the curated selection of news I listed for you below👇



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🇺🇸 Flutterwave secures 13 new money transmission licences in the US. The company has announced its acquisition of money transfer licenses for 13 U.S. states to enable faster, more affordable, and secure transfer of money from the United States to Africa and back.

🇨🇱 Chilean FinTech Fapro is making bold moves by expanding its reach into Peru and Mexico, aiming to revolutionize the financing, insurance, and credit sectors in these regions. Fapro provides access, automation, and processing of specialized data in financing services.

🇨🇦 Brim Financial, a Credit-Card-as-a-Service company, announced a strategic partnership with Mastercard, designed to power innovation in credit card platforms in the U.S. Brim will also embed Mastercard’s open banking capabilities across its end-to-end platform.

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🇨🇱 CMF announces creation of Open Finance System Forum, which aims to assist the CMF about issues and proposals related to an adequate functioning of the Open Finance System (OFS) set forth in Title III of Law No. 21,521, also known as the Fintech Act.


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🇩🇪 Scalable Capital, a prominent digital wealth manager, has successfully raised €60 million. Firm CEO Erik Podzuweit wants to use the new funds as a capital buffer and for investments. 

🇬🇧 Liberis lands $112m in debt funding round led by HSBC Innovation Banking. The embedded finance platform will use the cash for new country launches in Canada, Germany and Poland in 2024. More here

🇲🇽 Mexican Fintech firm Solvento secures $50M investment to boost logistics sector growth and launch AI-powered software. The funds will be allocated to further develop Solvento's product and expand business efforts to meet the growing needs of the $200 billion USD freight transport market in LatAm.

🇳🇬 Nigerian fintech, Bujeti secures $2 million seed round, led by YC. This investment enables Bujeti to accelerate growth, boost market share, and expand product offerings. The Fintech says it will focus on introducing credit lines for SMBs and developing new products tailored to enterprise needs.

🇳🇬 Seven Nigerian startups that have announced they will be shutting down operations this year, will cost investors $79.15 million in funding deals, BusinessDay can report. In 2023, the country experienced an unusual shutdown of startups, with around eight exiting the tech ecosystem due to operational challenges.

🇨🇦 $86-million Series D extension has Koho targeting growth and profitability. The funding will fuel Koho's growth and new product development, with plans for expanded credit offerings, in-app bill splitting, and access to government benefits, expected in Q1. 

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